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Optimal Sizing ESS for Economic Advantage of PV-ESS Generation
Authors:
Kyeonghee Cho
Seulki Kim
Eungsang Kim
Junho Park
Keywords: ESS sizing; PV-ESS; ESS Design; Economic analysis; PV forecasting
Abstract:
Renewable energy portfolio standard (RPS) was implemented by government in republic of Korea. And public institutions have to install the renewable generator according to contract capacity. By mandatory systems like these, renewable energy market is consistently increasing. Photovoltaic (PV) power generation is affected by solar radiation and generate only during the day. If energy storage system (ESS) is connected to PV, surplus energy of PV is charged to ESS and ESS discharged to load in peak time period. In this paper, method of optimal sizing ESS for economic advantage for PV-ESS generation is suggested.
Pages: 7 to 11
Copyright: Copyright (c) IARIA, 2017
Publication date: May 21, 2017
Published in: conference
ISSN: 2308-4154
ISBN: 978-1-61208-561-6
Location: Barcelona, Spain
Dates: from May 21, 2017 to May 25, 2017